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Today s mortgage and refinance rates: April 12, 2021 | Rates drop If you buy through our links, we may earn money from affiliate partners. Learn more. Mortgage and refinance rates have gone down since last Monday. You may want a fixed-rate mortgage rather than an adjustable-rate mortgage, because fixed rates are starting much lower these days. Mortgage rates tend to be low when an economy is struggling. The coronavirus pandemic has hurt the US economy, and it s taking a while for the country to bounce back. Popular Articles Christian Wallace, Head of Real Estate Services at Better.com, told Insider that rates will probably stay low for a while as the country waits to see if there is a fourth wave of coronavirus. A fourth wave could cause more people to stay home, which would hurt the economy. ....
Mortgage rates this week: April 12, 2021 | Rates trend downward Mortgage and refinance rates have decreased this week, and they re low overall. All rates are lower today than they were last Monday. Most rates have gone up since this time last month. But the increases aren t drastic, and you can expect rates to stay relatively low for the foreseeable future. You may want to get a fixed rate rather than an adjustable rate. ARM rates are starting higher than fixed rates right now, and it s likely your rate would increase down the road. You probably want to lock in a historically low rate while you can. ....